NCD default continues: Rs 2.11 Cr principal unpaid

Loan NpaCredit & Debt View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.9%Reaction day

₹65.25

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+1.6% vs market

Industrial Products peers, median of 131sector+0.8%+2.2% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 2.2 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.9+1.3+1.6+0.8+2.2

Next day

+8.8+1.8+7.0+1.4+7.4

+8.0+3.1+4.9+1.4+6.6

+4.4+3.5+1.0+1.4+3.0

+8.6+3.5+5.2+1.4+7.3

+8.8+3.4+5.4+1.4+7.5

+8.0+3.6+4.4+0.8+7.2

15d

+2.1+4.9-2.7+1.1+1.0

-4.6+4.4-9.0+0.2-4.8

-2.1+2.9-5.0-0.0-2.1

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 131Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Harish Textile Engineers reports continuing default on 7% unlisted NCDs (Series III and IV). Principal of Rs 2.11 Crores and interest from July 1, 2026 remain unpaid due to financial constraints. Interest up to June 30, 2026 was paid. Original defaults since October and December 2025. Total debt of Rs 30.25 Crores. Company engaging with debenture holders to arrange funds.

Likely market impact

Persistent debt default signals serious financial stress. Negative for shareholders; raises risk of further defaults and possible recovery actions by 20 debenture holders.